MCC and Jiangxi Copper ink copper mining pact with Afghanistan
(steelguru.com)
Updated:
2008-05-27 15:21
Counter:
It is reported that China Metallurgical Group and Jiangxi Copper Corporation signed agreement of Aynak Copper project with Afghanistan government officially.
According to the agreement, MCC and Jiangxi Copper hold 100% mining rights of this project.
Aynak Copper Mine located in Middle East of Afghanistan, is about 35 kilometers from its capital Kabul. The ore reserve of Anyak Copper Mine was 705 million tonnes containing 1.56% copper, the copper metal of this mine was 11 million tonnes.
The annual copper fines capacity of the mine was 220,000 tonnes and plans to expand to 300,000 tonnes. The construction period of this project is 5 years with the production period of 30 years. The total investment of this project was USD 4.2 billion.
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